You Searched For "paycheck protection program ppp" and got 20 results
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2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…
Ben Winck
4 mins read
Airport, farm, and fast-food workers rally for better heat protections
Airport workers in Phoenix and farm workers in California said access to water and shade or AC is l…
Catherine Boudreau
1 min read
A Mississippi man is accused of spending PPP loan money on a $100,000 Tesla and a million-dollar house
Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expe…
Kate Duffy
3 mins read
Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say
More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…
Ben Winck
2 mins read
Biden signs PPP small-business aid extension into law one day before it was set to expire
Small businesses can now apply for aid from the Paycheck Protection Program through May 31, and app…
Ayelet Sheffey
2 mins read
Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says
Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…
Ben Winck
1 min read
JOIN US TODAY: Sign up for our live event on how to make the most out of PPP
A new round of $325 billion in funding is coming. Ask Insider journalists about the ins and outs of…
Business Insider
3 mins read
Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress
Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …
Ben Winck
2 mins read
Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans.
Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left beh…
Kate Duffy,Reuters
2 mins read
The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says
Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…
Ben Winck
2 mins read
White-owned small businesses are twice as likely to get financing as Black- and Latino-owned firms, Fed survey finds
The survey conducted in fall 2020 also found Black-owned small firms five times as likely to be den…
Ayelet Sheffey
2 mins read
Senate votes to extend PPP through May, continuing aid for small businesses
Along with a two-month extension, the bill allows for applications to the small business aid progra…
Ayelet Sheffey
2 mins read
House passes bill to extend PPP small business aid for 2 months
The bill extends the small business lending program through May 31 while allowing loan applications…
Ayelet Sheffey
2 mins read
As many as 14% of small businesses may lay off workers when their PPP loans run out
"Those businesses hardest hit by the crisis will likely need additional help," NFIB analysts wrote …
Carmen Reinicke
3 mins read
Most small businesses kept paying their bills during the pandemic. Experts say that can only last so long.
Small businesses have experienced significant revenue drops during COVID-19 but remained able to ma…
Ayelet Sheffey
2 mins read
PPP paid over 4,000 businesses twice, government watchdog says - and they'll have to pay it back
Last year, the Paycheck Protection Program issued 8,731 duplicate loans worth $692 million to 4,260…
Ayelet Sheffey
1 min read
Paycheck Protection Program may be extended through May 31 to provide aid to small businesses
The House Small Business Committee introduced legislation to extend the PPP, with the program curre…
Ayelet Sheffey
2 mins read
2 key House Democrats want the IRS to extend tax filing season, citing 'titanic strain' on taxpayers
The IRS extended tax filing season by 3 months last year, and Democrats and accountants are calling…
Ayelet Sheffey
2 mins read
Fed extends small business aid lending program by 3 months
The Paycheck Protection Program itself is expiring March 31, but its liquidity facility will run th…
Ayelet Sheffey
3 mins read
5 ways Biden just tweaked the PPP to help the smallest businesses survive
Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…